Retail news

• In pictures: Kurt Geiger opens Oxford Street flagship

  26-09-2023 17:55 via retailgazette.co.uk
  
  Kurt Geiger has opened the doors to its new 2,916sq ft Oxford Street flagship store, featuring a novel concept that “celebrates London’s creativity and individuality”.
  The 2,916 sq ft space at 272-274 Oxford St has been envisioned by Kurt Geiger’s chief creative officer Rebecca Farrar-Hockley and brought to life by architect Stefano Ripoli, featuring concrete ceilings and walls alongside rainbow-hued glass.
  The inside houses the accessories retailer’s full range of
  
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• Poundstretcher scouts former Wilko stores

  26-09-2023 17:04 via retailgazette.co.uk
  
  Poundstretcher is understood to be scouting former Wilko sites for new stores.
  A property expert told Retail Week that the retailers was exploring several of the collapsed retailer’s locations across the country, with a particular interest in the southeast of England.
  Wilko, which collapsed at the beginning of last month, will shutter all its stores by October 8, making more than 10,000 employees redundant.Subscribe to Retail Gazette for free
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• Poundstretcher and The Original Factory Shop scout former Wilko stores

  26-09-2023 17:04 via retailgazette.co.uk
  
  Poundstretcher and The Original Factory Shop are understood to be scouting former Wilko sites for new stores.
  A property expert told Retail Week that the two retailers were exploring several of the collapsed retailer’s locations across the country, with a particular interest in the southeast of England.
  The Original Factory Shop has been rapidly expanding its store portfolio in recent months, with the acquisition of 16 former M&Co sites in August.Subscribe to Retail Gazette for free
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• Sainsbury’s launches ‘Good food for all’ brand campaign

  26-09-2023 16:33 via retailgazette.co.uk
  
  Sainsbury’s is launching a new brand campaign which seeks to offer good food to all customers, no matter their budget, tastes, dietary requirements or busy daily lives.
  The campaign, which goes by the slogan “Good food for all of us”, is set to hit the grocer’s advertising and marketing festive campaigns from November.
  Sainsbury’s pointed out that eating good food had become difficult during the cost-of-living crisis, with nine million adults experiencing food insec
  
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• Card Factory to open concessions in Matalan

  26-09-2023 16:15 via retailgazette.co.uk
  
  Card Factory will open concessions inside Matalan stores as part of its plans to expand its physical footprint.
  The greetings card specialist has extended its partnership with the fashion retailer to roll out the concept to all 223 of its branches before the end of the year.
  It builds on the initial agreement which saw the retailer introduce its card ranges and gifting essentials to 22 Matalan locations.Subscribe to Retail Gazette for free
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• Never Mind the Baklava – Asda teams up with Sky comedy show

  26-09-2023 14:11 via retailgazette.co.uk
  
  Asda is continuing its quest for a #foodrevolution by partnering with popular Sky TV comedy series Never Mind the Buzzcocks for a series of blind taste tests, aimed at highlighting the quality of its food.
  The ‘Taste Match’ campaign aims to challenge brand perceptions by demonstrating the high quality of Asda products, with comedians giving their honest opinions on the supermarket giant’s products as they compare them to equivalent lines from Marks & Spencer.
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• Asos cuts profit forecast after wet summer hit sales

  26-09-2023 10:55
  
  Online fashion retailer says it has reduced its stock levels by 30% amid fall in customer numbersThe online fashion retailer Asossaid sales in July and August were hit by wet weather, prompting it to cut its estimate for annual profits.Asos said the poor weather compounded weaker online demand for clothing. Total sales declined by 15% in the quarter to 3 September, with the UK down 16%. The sales washout resulted in a £60m hit to cashflow. July was the the wettest such month in England sin
  
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• Aldi offers staff body-worn cameras as shoplifting soars

  26-09-2023 09:38 via retailgazette.co.uk
  
  Aldi has become the latest supermarket to offer staff body-worn cameras in a bid to deter shoplifters.
  Chief executive Giles Hurley said the move was being trialled in a handful of the supermarket’s stores as crime rates across its portfolio surged.
  “There’s an uptick [in shoplifting] across the industry and we’re not immune to that,” he said. “It is a top priority for us.”
  “With body cams, we currently have a trial which is underway in part of our
  
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• Aldi offers staff body-worn cameras amid shoplifting surge

  26-09-2023 09:38 via retailgazette.co.uk
  
  Aldi has become the latest supermarket to offer staff body-worn cameras in a bid to deter shoplifters.
  Chief executive Giles Hurley said the move was being trialled in a handful of the supermarket’s stores as crime rates across its portfolio surged.
  “There’s an uptick [in shoplifting] across the industry and we’re not immune to that,” he said. “It is a top priority for us.”
  “With body cams, we currently have a trial which is underway in part of our
  
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• Card Factory profits rocket as expansion strategy pays off

  26-09-2023 09:15 via retailgazette.co.uk
  
  Card Factory has posted an uptick in profits as its expansion strategy and investment into store portfolio pays off.
  Pre-tax profits for the greeting cards retailer rocketed 72.7% to £24.7m in the six months to 31 July 2023, up from £14.3m.
  Sales surged 11.5% to £220.8m, which was underpinned by the “continued good momentum across the business, particularly in the core stores business”.
  Store sales grew 10.5% on a like-for-like sales basis, which the retailer attrib
  
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• Asos profits to slip to lower end of guidance as sales drop 15%

  26-09-2023 08:59 via retailgazette.co.uk
  
  Asos has warned that its profits will fall at the lower end of its expectations amid its ongoing turnaround programme as sales drop for the fourth consecutive quarter.
  The fashion retailer said its expects earnings before interest and tax to be “around the bottom of the guided £40m to £60m range” for the six months to September 3, 2023.
  It comes as sales dropped 15% in the three months to September 3, due to a “weaker than expected” July and August as a result
  
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• The Wickes Community Programme: a new type of Library?

  26-09-2023 02:00 via theretailbulletin.com
  
  Libraries of things are popping up everywhere. The idea originated in the USA, but now there are around 50 libraries of things in the UK. They... View Article
  
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• Sainsbury’s to launch Good food for all of us

  26-09-2023 02:00 via theretailbulletin.com
  
  Sainsbury’s is launching a new brand campaign, promising Good food for all of us, a slogan which will feature in all of its advertising and marketing... View Article
  
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• Review: Retail HR Summit 2023

  26-09-2023 02:00 via theretailbulletin.com
  
  Retail might be in the midst of great change from technology and changing working practices and suffering a headache from difficulties around recruiting but the executives... View Article
  
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• M&S Food launches new campaign to highlight product quality

  26-09-2023 02:00 via theretailbulletin.com
  
  Marks & Spencer has launched a national advertising campaign that aims to showcase “what is behind the magic” of M&S Food. Under the messaging – “This... View Article
  
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• Loaf chooses Leeds for tenth UK showroom

  26-09-2023 02:00 via theretailbulletin.com
  
  Premium furniture and homeware brand Loaf will be opening its tenth UK showroom in the Redbrick area of Leeds next month. Housed in an original mill... View Article
  
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• Discover a world of POSsibilities: Systopia launch retail POS solutions

  26-09-2023 02:00 via theretailbulletin.com
  
  Part of the world-renowned Zucchetti Group, Systopia has seen success across UK hospitality, including corporate hospitality and stadia, and is now expanding into retail. Systopia’s point... View Article
  
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• Card Factory reports surge in sales and profit

  26-09-2023 02:00 via theretailbulletin.com
  
  Card Factory has posted a strong uplift in half-year sales and profit following a robust performance in its stores. In the six months to 31 July,... View Article
  
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• Card Factory reports surge in profit

  26-09-2023 02:00 via theretailbulletin.com
  
  Card Factory has posted a strong uplift in half-year sales and profit following a robust performance in its stores. In the six months to 31 July,... View Article
  
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• ASOS profits to be at lower end of guidance

  26-09-2023 02:00 via theretailbulletin.com
  
  ASOS has warned that its earnings before interest and tax are likely to come in at the bottom end of expectations in its full year. In... View Article
  
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• An Interview with Sue Ryder, Retail Employer of the Year

  26-09-2023 02:00 via theretailbulletin.com
  
  We speak to Katy Fulkner, Head of Retail Operations at Ryder, about their Retail Employer of the Year award at this year’s inaugural People in Retail... View Article
  
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